The annual Social Security cost of living adjustment (COLA) is just 1.3% this year, making it one of the lowest ever paid. But the standard monthly Medicare Part B premium increased by a modest $3.90, from $144.60 to $1 ...
Category: Medicare Part B Articles
New Legislation Limits Stiff Increase Expected for 2021 Medicare Part B Premium
With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 2021. TSCL has been warning about the poten ...
Benefit Bulletin: September 2020
Low-Income Health Programs, Working and Laid Off Workers Take the Biggest Hit When Medicare Part B Premiums Spike By Rick Delaney, Chairman of the Board In years when there has been no, or almost no cost-of-living ...
Benefit Bulletin: June 2020
Medicare Premiums Could Spike Due to Coronavirus By Rick Delaney The coronavirus has hit older Americans particularly hard and sent tens of thousands of Medicare recipients to hospital emergency rooms and intensive ...
Benefit Bulletin: March/April 2020
What to do When You Can’t Afford Medicare Premiums By Rick Delaney, Chairman of the Board Medicare Part B premiums jumped $9.10 per month in 2020 — one of the biggest increases in recent years. While the Social Se ...
Medicare Now Covers Testing For Coronavirus
The coronavirus is a more severe flu strain than the seasonal flu which means more people require greater medical care. For most people this flu is survivable but without the extra medical care that someone might normal ...
House Drug Bill Would Save Medicare $345 Billion
Legislation that would give Medicare authority to negotiate drug prices would save Medicare $345 billion over ten years, according to a preliminary analysis from the Congressional Budget Office (CBO). The CBO says the b ...
Medicare Part B Premiums To Rise More Than 4 Times Faster Than Your COLA
While retirees won’t be getting as much of an increase in their Social Security checks in 2020, the Part B premium, is expected to go up considerably more than it did this year. In 2019, most beneficiaries paid $1.50 pe ...
How Rising Medicare Part B Premiums May Impact Your Social Security Benefits
Medicare Part B premiums are automatically deducted from Social Security benefits, and older households are frequently surprised at how much rising Medicare premiums can take out of those monthly payments. TSCL estimate ...
Benefit Bulletin: July/August 2019
Rick Delaney, Chairman of the Board Proposal Would Make it Harder To Qualify For Medicare Savings Programs The Trump Administration has proposed a change that would make it harder for older adults with low incomes ...